Homebuyers hope 'patience pays off' as prices drop, recession predictions loom

TORONTO — Andrew Hamilton and his wife bid farewell to their home in Toronto’s Junction neighbourhood roughly a year and a half ago, when housing prices were soaring, but finding a new abode proved tricky. With no available homes meeting their needs or price range, the couple opted to temporarily use the equity they got from selling their house on a rental property in Etobicoke. But they still have one eye on the market and are hoping the current cool-down will deepen enough for them to snag ano